SAP SE (NYSE:SAP) Shares Bought by Arlington Partners LLC

Arlington Partners LLC grew its stake in SAP SE (NYSE:SAP) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,534 shares of the software maker’s stock after purchasing an additional 1,165 shares during the period. Arlington Partners LLC’s holdings in SAP were worth $4,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SAP. Northwest Investment Counselors LLC acquired a new position in shares of SAP in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of SAP in the first quarter worth about $25,000. Godsey & Gibb Inc. acquired a new position in shares of SAP in the third quarter worth about $25,000. POM Investment Strategies LLC boosted its stake in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares in the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JMP Securities increased their target price on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. Barclays lifted their target price on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. TD Cowen raised their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets downgraded SAP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $232.17.

SAP Trading Down 0.8 %

Shares of SAP traded down $1.79 during midday trading on Monday, hitting $228.65. 415,714 shares of the stock were exchanged, compared to its average volume of 780,342. SAP SE has a 52-week low of $130.08 and a 52-week high of $232.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day simple moving average of $221.38 and a 200 day simple moving average of $203.50. The firm has a market cap of $280.90 billion, a P/E ratio of 49.99, a P/E/G ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, research analysts anticipate that SAP SE will post 4.78 EPS for the current fiscal year.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.